SIP Inflows Fall 3% to Rs 31,115 Crore in April, Stoppage Ratio Eases to 97.6%

Mutual Fund Inflows Moderate in April Amid Ongoing Market Volatility

Systematic Investment Plan (SIP) inflows experienced a slight moderation in April, following a strong recovery in March. According to data released by the Association of Mutual Funds in India (AMFI), monthly SIP inflows stood at Rs 31,115 crore in April, a 3 percent decline from the record Rs 32,087 crore recorded in March.

The latest figures come after fluctuations in the first quarter of 2026. SIP inflows had stood at Rs 31,002 crore in January before easing to Rs 29,845 crore in February, largely due to calendar-related factors such as the shorter month and delayed auto-debit transactions because the last day of February fell on a non-banking Saturday. March then saw a sharp rebound in inflows, partly aided by spillover collections from February.

The moderation in inflows can be attributed to the normalization of SIP accounts in April, which averaged out at 9.65 crore, following a temporary jump in March to 9.72 crore from 9.44 crore in February. Overall SIP assets rose to Rs 16.85 lakh crore, accounting for 20.6 percent of the overall mutual fund industry assets under management (AUM).

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Investor churn continued to stay elevated in April, with a SIP stoppage ratio of around 97.6 percent, calculated using approximately 50 lakh discontinued SIPs against a combined new and tenured SIP book of around 51.28 lakh accounts. Despite volatility in the equity markets, investors remain focused on long-term wealth creation.

According to AMFI Chief Executive Venkat Chalasani, the March numbers had partly benefited from the February spillover effect. The growth in March was not solely due to new inflows, but also because the last working day of February was a holiday, which got translated into March. In April, the inflows returned to a normal average of Rs 31,115 crore.

Chalasani noted that investors continue to remain focused on long-term wealth creation, and that people are looking at the long-term story, repose faith in mutual funds, and in India's growth story. As a result, investors are not worried about short-term volatility, and this trend is reflected in the latest numbers.

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